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Blackstone said to raise more than $6 bln for property fund

Posted on 25 January 2012

James CorlBlackstone Group LP (BX) secured more than $6 billion of pledged capital for a new real estate fund that will buy mainly distressed-property assets, said two people with knowledge of the fundraising.
The New York-based buyout firm plans to raise at least $10 billion for the fund, known as Blackstone Real Estate Partners VII, said the people, who asked not to be identified because the capital-raising is private. Blackstone expects the vehicle to be fully funded this year, they said………………………………………..Full Article: Source


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